During Meta's antitrust trial, Mark Zuckerberg reflected on his failed bid to purchase Snapchat for $6 billion in 2013. This moment was emphasized as evidence of Meta's strategy to eliminate competition through acquisitions. Zuckerberg suggested that had they acquired Snapchat, its growth would have been accelerated, indicating his belief that the company was underperforming on its potential. The testimony also highlighted internal communications within Meta regarding the bid and the anticipation of potential backlash from the offer.
I think if we would had bought them we would have accelerated their growth.
At this point, we should probably prepare for it to leak that we offered $6b for them and all the negative that will come from that.
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